Jul 18, 2011 1:00pm PDT
jones industrial average stock market especially the s&p stocks. these are the big boys on the block, the top 500. they issue dividends right now and the balance sheets look good and they are profitable and undervalued. that is good place to go. >>stuart: i heard going into the big name, big american-based multinational corporations, they are safe. but, if you put your money into a lost them over 10 years, you have gone nowhere and sometimes you have gone down. >>guest: well, of course, there is that element of risk. yet when you look at the companies right now they have already adjusted for the things in the marketplace right now. you are looking at emerging economies that could be slowing down. you are looking at the debt ceiling, the issues that are going on with that and you are looking at sovereign debt. and a lot of the big companies have already adjusted for that and so they are relatively cheap such as boeing and mcdonald's and caterpillar. >>stuart: you buy gold at $1,550 and big multicorporation stocks would you buy a bank cd and earn a miserable 1 percent and sleep safely?
Jul 19, 2011 4:00pm EDT
. is this a big worry? and now, my guest is joining me. can we get the unemployment rate by low 9 percent if gas is close to four bucks a gallon? >>guest: it will be tough. it makes it more expensive to business to run business when it comes to shipping businesses and the industrial machine of the united states, and, really, the global industrial machine so that is, really, tough, and a balancing act they have been trying to play and obama has been trying to play and they are not successful. >>stuart: is gas prices the mover to slowing the committee down? >>guest: there are so many movers, it is just one of the of -- movers and if you look at our economy, the unemployment is a big factor and housing, although we have better numbers they are not where they need to be, and there are a ton of factors but it does not help because the hard gins shrink and you can only subsidize the higher gas prices so long and they are passed on to the business owner and the consumer. >>stuart: this wasn't supposed to happen. we released oil from the strategic petroleum reserve and we are supposed to drive oil price